Poland Sets the Stage for Currency-Denominated Debt Sales in 2024, Starting with Euro Bond Issue
In a strategic financial move, Poland is preparing to initiate its foreign exchange (FX) debt sales in the upcoming year, with plans to launch a Euro-denominated bond issue. This significant development reflects the Polish government's intention to diversify its funding sources and tap into the European capital markets.
Continue reading
Poland's Central Bank Urges Financial Institutions to Evaluate Climate Change Risks
In a significant move towards enhancing sustainability in the financial sector, the National Bank of Poland (NBP) has formally called upon domestic banks to conduct thorough assessments of climate change risks. This directive underscores growing global concerns regarding the potential impact of environmental factors on financial stability.
Continue reading
Tauron Begins Strategy to Exit Coal by 2030 with Ambitious $2.5 Billion Investment
In a significant move towards a more sustainable energy future, Polish power utility Tauron has announced its strategic plan to phase out coal from its energy production by the year 2030. This ambitious initiative is set against the backdrop of increasing pressure on energy companies globally to reduce their carbon footprints and transition to cleaner energy sources.
Continue reading
Poland Seeks Delay on New Carbon Market Regulations for Transport and Heating Sectors
Poland is calling for a postponement in the implementation of a new carbon market system that aims to regulate emissions from the transport and heating sectors. This decision comes amidst growing concerns within the Polish government regarding the economic impact of these measures on local industries and consumers.
Continue reading
Poland's Economic Outlook: Expert Advocates for Interest Rate Cuts to Stimulate Growth
In a recent statement, prominent economist Jakub Domanski has articulated a compelling case for lowering interest rates in Poland, suggesting that such a move would align with the country's current economic trajectory and could provide crucial support for growth. Domanski’s insights come at a pivotal time, as the nation grapples with various economic challenges, including rising inflation and a dynamic global environment.
Continue reading
Polish Central Banker Signals Potential Rate Cuts Post-Presidential Election
In a significant development for Poland's economic landscape, the country's central bank governor has hinted at the possibility of interest rate reductions following the upcoming presidential election. This announcement comes against a backdrop of fluctuating economic indicators and inflationary pressures that have characterized the region in recent months.
Continue reading
Polish Presidential Front-Runner Urges Rate Cuts from Central Bank Chief
In a recent development that could have significant implications for Poland's economy, Donald Tusk, the leading candidate in the upcoming presidential elections, has publicly called on Adam Glapiński, the Governor of the National Bank of Poland, to lower interest rates. This request reflects Tusk's strategy to combat the rising cost of living faced by Polish citizens amid ongoing economic uncertainties.
Continue reading
Divisions Emerge in Polish Rate Panel as Governor Okszowski Proposes Delay on Interest Rate Cuts
In a surprising twist within Poland's monetary framework, tensions have erupted among the members of the central bank's monetary policy council. Governor Adam Okszowski is advocating for a postponement of interest rate reductions, a move that has sparked a heated debate among panel members who are increasingly divided on the future direction of Poland's economic policy.
Continue reading
Polish Monetary Policy Committee Signals Potential Rate Cuts Ahead
In a recent development from Poland's central banking sector, a key member of the Monetary Policy Committee (MPC), Jerzy Wnorowski, has indicated that discussions surrounding interest rate cuts are likely to begin in March 2024. This statement reflects a broader sentiment within the committee about the potential easing of monetary policy to support the nation’s economy.
Continue reading
Polish Central Bank Postpones Rate Cut Amid Rising Energy Prices
The Monetary Policy Council of Poland recently announced its decision to postpone any anticipated cuts in interest rates, primarily attributing this shift to the rapidly increasing energy prices that are impacting the economic landscape. This revelation comes as a crucial development for both local consumers and businesses as they grapple with inflation and the cost of living amid a challenging global economic environment.
Continue reading